Asset Management Operations - Analyst, Client Services - Operations
Posted 16 days ago
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Analyst on the US Shareholder Services / Global Distributor Onboarding team within Asset & Wealth Management Operations, responsible for end-to-end due diligence and onboarding of third-party distributors. The role coordinates with Sales, Compliance, AML/KYC and Legal to execute distributor onboarding from initial review through agreement execution. It requires strong client service orientation, attention to detail, and the ability to manage priorities in a fast-paced environment. Proficiency with Microsoft Office (especially Excel) and familiarity with KYC/CIP/onboarding processes is preferred.
- Compensation
- $55,000 – $80,000 USD
- City
- Chicago
- Country
- United States
Currency: $ (USD)
Full Job Description
We’re a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.
OUR IMPACT
Asset Management Division (AMD) Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales, trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, AMD Operations provides essential risk management and control to preserve and enhance the firm's assets and its reputation.
Goldman Sachs Asset Management (GSAM) delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. GSAM is one of the pre-eminent investment management organizations globally. Critical to the success of GSAM is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure.
The purpose of the US Shareholder Services team is to provide World Class Client Service to Investors in the GSAM Funds and to assist the GSAM Sales force in their Global Funds distribution effort. Within Shareholder Services, Distributor Onboarding (“DOB”) works with Third Party Distributors interested in the distribution of GSAM products to their respective clients, ensuring a smooth and seamless onboarding process.
Working within the Global DOB team, the individual will specialize in the due diligence review for any Third Party Distributors. This includes an “end to end” onboarding process from commencing due diligence to signing of an agreement. The individual will work directly with our internal partners from Sales, Compliance, AML/KYC, and Legal in a fast-paced environment with precision and accuracy. The ability to prioritize, meet deadlines and communicate to all levels of the organization is critical.
We believe this structure provides our people with enhanced development opportunities to broaden their knowledge base, as well as provide a best in class operational client service.
YOUR IMPACT
If you are looking to apply your due diligence skills while also learning about the changing regulatory landscape, our team invites you to apply for a position on the team. We are seeking a professional who can work with our internal stakeholders and clients to execute the Third Party Distributor Due Diligence Program. This position requires, a thorough understanding of our Global Framework for Due Diligence, client service/on-boarding environment, and knowledge of the industry, our client base, and our systems.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Ensure due diligence is performed on new and existing Third Party Distributors as well as other Intermediaries.
- Develop expertise in the Firm's Global Framework.
- Quarterback the due diligence review with TPD’s from start to the signing of an agreement.
- Coordinate with internal stakeholders during reviews to obtain necessary approvals.
- Propose and work on special projects as necessary (e.g. automation related projects, new business lines).
- Partner with the Sales organization to ensure a seamless distributor onboarding from front to back and liaise with multiple parties to bring about execution of an agreement.
- Other ad hoc responsibilities include but not limited to, red flag reviews, dealer terminations, and report monitoring.
PREFERRED QUALIFICATIONS
- Bachelor’s Degree
- Knowledge of financial markets and products
- Excellent written and verbal communication skills, and strong client service orientation
- Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word
- Experience in Client Onboarding/ Customer Identification Program (CIP)/Know Your Customer (KYC) processes a plus
- Understand structure of trading counterparts
- Self-motivated and proactive team player who takes ownership and accountability of projects, and has strong organizational skills to effectively manage competing priorities
- Flexible and able to work well under pressure in a team environment
- Proven analytical and problem solving skills with meticulous attention to detail to enable the ability to communicate complex items to a wide array of internal counterparties
Salary Range
The expected base salary for this Chicago, Illinois, United States-based position is $55000-$80000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
